David Plouffe’s Shell Game, 2012 Edition

King David has spoken. Oh, am I relieved. It’s good to know people won’t vote on the unemployment rate, even though a hell of a lot of voters are worried about their own economic future, as Pres. Obama screws around with his new best friend, Austerity.

David Plouffe is under the delusion that Barack Obama is still perceived as the same politician who ran in 2008. The man is not stupid, so he’s either in deep denial, having a political breakdown looking at the lack of enthusiasm for Mr. Obama, or he’s speaking gibberish while dreaming about what was versus what is today.

The June jobs report reveals a much more serious job creation problem in this country than most policy makers realized. Over the past two months, job creation has essentially ground to a halt, with 25,000 jobs added in May and 18,000 in June. The unemployment rate, now 9.2%, is climbing.

On the whole, this is one of the most negative employment reports since the recovery began. It indicates that the economy has made no progress whatsoever in re-employing the people who lost their jobs in the downturn. Even more discouraging is the fact that there is no reason to expect anything to change for the better any time soon. The pace of job loss in the public sector is likely to accelerate, with no evidence of an offsetting pickup in the private sector.

Spending cuts and tax rises to rein in a nation’s finances should be postponed until its economy is “clearly recovering” because these measures dampen growth, he argued.

“The UK’s finding this out now,” he said. “They adopted this big austerity budget and there’s a good chance that economic activity will go down so much that tax revenues will be reduced even more than spending is cut and their deficit will increase.”

With Pres. Obama embracing Republican austerity at the expense of everything else, there’s no reason to believe, to trust or to hope anything is going to get better before it gets worse.

David Plouffe’s pronouncements about how people will vote is predicated on something that no longer exists. The belief in Barack Obama’s talents to lead our nation, which has been proven wrong, deadly, deadly wrong.

By Taylor Marsh|July 8th, 2011|Comments Off on David Plouffe’s Shell Game, 2012 Edition